We present a new automated, objective and intuitive scoring method to measure the content of central bank communication about future policy rate moves. We apply the methodology to statements released by the Federal Open Market Commitee (FOMC) after monetary policy meetings. Using high-frequency...

This paper addresses the questions of whether lobbying individually or through a trade association affects policy outcomes and what factors affect the choice of the mode of lobbying. We compiled a novel data set of lobbying expenditures that allows us not only to disentangle the amount of money...